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HB 1606 IN

Employer tax credit for apprenticeship programs.

IN · session 2023 · Assembly / House · bill

A state bill is a proposed law in a state legislature — separate from the U.S. Congress. Learn more →

Introduced Jan 19, 2023

Latest action (Jan 19, 2023) First reading: referred to Committee on Ways and Means

Summary

Provides for a nonrefundable apprenticeship tax credit (credit) for an eligible employer. Provides that the amount of the credit is equal to not more than $1,250 for each apprentice employed. Provides that an eligible employer may claim: (1) a credit for not more than 10 apprentices employed for a taxable year; and (2) the credit for an individual apprentice for not more than three taxable years. Provides that the total amount of credits that may be awarded for a state fiscal year may not exceed $10,000,000. Allows the department of state revenue to adopt rules to implement the credit.

Sponsor (1)
1 coauthor / cosponsor

Action history (3)
  1. Jan 19, 2023 Coauthored by Representative Teshka · lower
  2. Jan 19, 2023 Authored by Representative Behning · lower
  3. Jan 19, 2023 First reading: referred to Committee on Ways and Means · lower
Subjects
REVENUE, DEPARTMENT OFTAXES generally

Text versions (1)

The published texts of this bill as it moves through the legislature. Each links to the official document on the state legislature site. Data from OpenStates.

  • Introduced House Bill (H) · Jan 19, 2023 · PDF

Full text

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